SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Netskope Inc. (NTSK) on Wednesday reported a loss of $116.5 million in its fiscal first quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 29 cents. Losses, adjusted for non-recurring costs, came to 6 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The cybersecurity company that specializes in networks for midsized companies posted revenue of $201.6 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $198.1 million.
For the current quarter ending in July, Netskope expects its results to range from a loss of 7 cents per share to a loss of 6 cents per share.
The company said it expects revenue in the range of $213 million to $215 million for the fiscal second quarter.
Netskope expects a full-year loss of 18 cents per share, with revenue ranging from $879 million to $883 million.
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